The North Carolina Department of Insurance has posted the rate changes requested by insurers for the 2026 plan year individual and small-group market plans offered under the Affordable Care Act.
Posting of the requested rates is part of the rate review process required by the Centers for Medicare and Medicaid Services (CMS). Unlike some types of insurance, the NCDOI does not set rates for health insurance.
North Carolina Insurance Commissioner Mike Causey is reminding residents to be aware of changes to automobile insurance policies set to take effect today, Tuesday, July 1.
Insurance Commissioner Mike Causey today announced a settlement with the N.C. Rate Bureau on automobile insurance rates.
The settlement provides for an average statewide increase of 5%. The settlement is 17.6 percentage points lower than what the Rate Bureau requested in February. The agreement also includes an average statewide 16.3% decrease in motorcycle liability insurance rates.
The Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau over the Rate Bureau’s proposed rate increase for Mobile Home Fire (MH-F) polices and Mobile Home Casualty (MH-C) policies.
The settlement between the Department of Insurance and Rate Bureau calls for a statewide average increase of 11% per year over the next two years for MH-F policies and a statewide average increase of 8% for MH-C policies per year over the next two years.
North Carolina Insurance Commissioner Mike Causey has set Sept. 22 as the hearing date for the North Carolina Rate Bureau’s proposed 23% automobile insurance rate increase.
“We are not in agreement with the Rate Bureau’s proposed increases filed on Feb. 3. The next step, according to statute, is to set a hearing date,” said Commissioner Causey. “The purpose of the hearing is to reach a resolution that will make the most financial sense for both North Carolina residents and insurance companies.”
The dispute between Insurance Commissioner Mike Causey and North Carolina insurance companies writing homeowners’ insurance over a proposed 42.2% average statewide rate increase heads to hearing on Oct. 7.
The hearing will begin at 10 a.m. and be held in the Second Floor Hearing Room at the Department of Insurance’s office at 3200 Beechleaf Court, Raleigh, N.C.
Ahead of a scheduled public hearing on homeowner’s rates next month, North Carolina Insurance Commissioner Mike Causey has released a new video explaining how insurance rates are set in North Carolina, a process which is outlined by state law.
A transcript of the video’s message can be found here:
‘Hello, I’m Mike Causey, your North Carolina Insurance Commissioner.
I want to tell you briefly about how insurance rates are set in this state.
North Carolina Insurance Commissioner Mike Causey has issued the following statement in response to recent media reports on the status of insurance rate filings:
“I wish to clear up any confusion regarding recent rate filings from the N.C. Rate Bureau.
Insurance Commissioner Mike Causey today announced that the N.C. Department of Insurance has settled its legal dispute with North Carolina insurance companies over a dwelling rate increase.
Commissioner Causey negotiated an average statewide increase of 8%, which is 42.6 percentage points lower than the 50.6% increase requested by the N.C. Rate Bureau.
The N.C. Rate Bureau, which is not a part of the N.C. Department of Insurance, represents all property and casualty insurance companies writing premiums in North Carolina.
The new rates will take effect on Nov. 1.
North Carolina Insurance Commissioner Mike Causey has set April 7, 2025, as the hearing date for a proposed increase in mobile homeowners’ insurance rates requested by the North Carolina Rate Bureau.
The Rate Bureau, which represents insurance companies and is not a part of the N.C. Department of Insurance, has requested an overall state average increase of 82.9% for mobile home fire policies (MH-F) over a three-year period. The insurance companies have requested an overall state average increase of 49.9% for mobile home casualty policies (MH-C) over a three-year period.